I Took My SOXX Off

I took my SOXX short off, that is. The gain was 8% on an index ETF and that is good enough as the chart hammers at the 200 day average. It was bought not long ago per this Trade Log entry…

5.16.19: Buy oversold TGT on drop to perceived support for some domestic Retail exposure. Buy ‘value’ stock GILD as it turns around with all the speed and dexterity of a battleship. Sell short SOXX on what looks like a daily chart bear flag.

A bear flag it was and now a Hammer it is. It sure doesn’t mean the decline has to stop here. It just means that it would decline without me.


Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas.

You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.